I know it is a crime to say anything pro Obama around here but the research checks out. He is as fiscally responsible as any republican would care to be. Even more so if you compare him to Bush. I'm not huge on talking politics because people can get really defensive of their side and blind often to the facts. But say what you want. Obama cut the deficit and the ACA was a big reason whyTo start things off, the CBO says the deficit this year will be $506 billion, or 2.9 percent of GDP. In 2013 it was $680 billion, so thatís a pretty steep drop. And in terms of GDP, not only is that slightly lower than the average deficit of the last 40 years (3.1 percent), itís also a†70 percent decline†from Obamaís first year in office, where because of the Great Recession, which brought both the need for more spending and a plunge in tax revenues, the deficit peaked at 9.8 percent of GDP.